Who is to blame for the Mortgage Crisis and the economic problems now. I remember one of Bill Clinton's last State of the Union addresses. He was bragging about how a higher percentage of Americans than ever before were becoming home owners in his administration. I am NOT blaming him for this. There is plenty of blame to go around. From the Oval Office, to the Fed, to almost every state legislature, to Congress, to Corporate America and to many Media Outlets nationwide.
With three weeks complete of my Masters Program, I have come to understand that almost all of us in power have forgotten two basic principles of business.
1. Who are you in business for?
2. Who makes it happen in your company?
If you don't know the answer to these two questions, you deserve to be sleeping under the North Temple viaduct with all the other people who make live there. Let me give you a hint. The answer is not "myself." But if you think it is, or you act like it is then you are part of the problem. The only hints that I will give you is that the first word in each answer is "your." And the second word is not "stockholders." The first letter of the second word for the first question begins with the letter "c" and the first letter of the second word for the second question begins with the letter "e".
And here is another hint. The answer to both questions are the people who businesses across America are taking for granted.
BTW--the average salary in Silicon Valley is 85,000. The average price of a home is still around 830,000. Even the people who sleep under the North Temple viaduct every night can probably figure out that the average wage earner in Silicon Valley can not afford the average home. It should be no wonder then that we have a mortgage crisis. I do not need a Masters Degree to figure that one out.
I will post the answer to these two questions on Saturday.
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